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Renewable Energy Sources Penetration in Greece: Characteristics and Seasonal Variation of the Electricity Demand Share Covering

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  • Stelios Loumakis

    (Laboratory of Process Analysis and Design, National Technical University of Athens, 15780 Athens, Greece)

  • Evgenia Giannini

    (Laboratory of Process Analysis and Design, National Technical University of Athens, 15780 Athens, Greece)

  • Zacharias Maroulis

    (Laboratory of Process Analysis and Design, National Technical University of Athens, 15780 Athens, Greece)

Abstract

The significant penetration of renewables, in the Hellenic electricity system, during the last 12 years, was based on feed-in tariff-supporting schemes, according to the compliance to European Directives. The characteristics of this penetration are presented and analyzed in this paper based on real data. Photovoltaics, wind parks, hydroelectric plants, biomass-driven plants, and cogeneration systems are examined. The cost of the feed-in tariff incentives is qualified and analyzed. Simple but effective models are proposed to describe renewable seasonal variation: (a) A simple cosine model adequately describes the seasonal performance of various renewable technologies in terms of capacity factor; (b) a smart seasonal model based on the separation between winter and summer consumption activities (both following normal distributions) adequately describes the electricity consumption profile. The predicted values of renewable shares using the proposed models were also validated with historical data. Thus, the applied models can be used to forecast renewable shares under different penetration scenarios.

Suggested Citation

  • Stelios Loumakis & Evgenia Giannini & Zacharias Maroulis, 2019. "Renewable Energy Sources Penetration in Greece: Characteristics and Seasonal Variation of the Electricity Demand Share Covering," Energies, MDPI, vol. 12(12), pages 1-20, June.
    • Handle: RePEc:gam:jeners:v:12:y:2019:i:12:p:2441-:d:242680
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    References listed on IDEAS

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    Cited by:

    1. Vassilis Stavrakas & Nikos Kleanthis & Alexandros Flamos, 2020. "An Ex-Post Assessment of RES-E Support in Greece by Investigating the Monetary Flows and the Causal Relationships in the Electricity Market," Energies, MDPI, vol. 13(17), pages 1-29, September.
    2. Stelios Loumakis & Eugenia Giannini & Zacharias Maroulis, 2019. "Merit Order Effect Modeling: The Case of the Hellenic Electricity Market," Energies, MDPI, vol. 12(20), pages 1-20, October.
    3. Aikaterini Papadimitriou & Vassilios Vassiliou & Kalliopi Tataraki & Eugenia Giannini & Zacharias Maroulis, 2020. "Economic Assessment of Cogeneration Systems in Operation," Energies, MDPI, vol. 13(9), pages 1-15, May.
    4. Avesani, Diego & Zanfei, Ariele & Di Marco, Nicola & Galletti, Andrea & Ravazzolo, Francesco & Righetti, Maurizio & Majone, Bruno, 2022. "Short-term hydropower optimization driven by innovative time-adapting econometric model," Applied Energy, Elsevier, vol. 310(C).
    5. Gökgöz, Fazıl & Yücel, Öykü, 2024. "Merit-order of dispatchable and variable renewable energy sources in Turkey's day-ahead electricity market," Utilities Policy, Elsevier, vol. 88(C).

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